Do not miss seeing this extraordinary opportunity to own an exceptionally well maintained and updated triplex in the heart of Pasadena. This stately 1924 Mediterranean style triplex is perfectly sited on a large 11,901 square foot lot with a deep setback and wonderful curb appeal. The impressive upstairs residence feels like a private, house-like retreat, filled with natural light and offering high ceilings, character details, two bedrooms including a Primary Suite, two beautifully remodeled full baths, front and rear entries, a large rear patio, wrap-around balcony, central air, gleaming hardwood floors and private in-unit laundry. The downstairs level includes a one bedroom, one bath unit and a separate studio unit, each thoughtfully remodeled and well appointed. All three units have their own interior laundry, front and rear doors and one garage space. A remodeled storage room is currently used as a small office and leased by a tenant. Over $250,000 in improvements have been completed over the past two years, including newer roofing, automatic security gate, extensive landscaping, new electrical panels and upgraded subpanel, Eaton fire remediation, select interior painting, plumbing repairs, HVAC improvements with duct replacement, attic repairs with insulation removal and replacement, office conversion and new mailboxes. Ideally located close to shopping, dining, transportation and everyday conveniences, this property offers pride of ownership, strong versatility and excellent long-term value. Lot size is approximately 61 by 195. Photos are of the two smaller units; no photos available for the spacious upstairs residence. Come visit and see for yourself.
Sold for $2,000,000
Listed by: Sotheby's International Realty • Augusta Sanborn • Contact: 626-252-5711
Bought with: Pellego, Inc
$2,000,000
1550 N Lake Ave, Pasadena, CA 91104
3beds
3,022sqft
Triplex
Built in 1924
-- sqft lot
$2,063,900 Zestimate®
$662/sqft
$7,742 Estimated rent
Home value
$2,063,900
$1.96M - $2.17M
$7,742/mo
Zestimate® history
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List your homeWhat's special
Character details galoreWrap-around balconyWonderful upgradesNew mailboxesAutomatic security gateExtensive landscapingPrivate upstairs unit
Zillow last checked:
Listing updated:
Listed by:
Augusta Sanborn DRE #01226787 626-252-5711,
Sotheby's International Realty
Bought with:
Cynthia Low, DRE #01345730
Pellego, Inc
Source: CRMLS,MLS#: P1-25968
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Kitchen, Laundry, Living Room, Other, Dining Room
Bathroom
- Features: Bathtub, Remodeled, Upgraded
Heating
- Central, Ductless, See Remarks
Cooling
- Central Air, Ductless
Appliances
- Included: Dishwasher, Gas Range, Refrigerator, Dryer, Washer
- Laundry: Inside, Laundry Room, See Remarks
Features
- Breakfast Bar, Built-in Features, Balcony, Crown Molding, Separate/Formal Dining Room, High Ceilings, Recessed Lighting, See Remarks
- Flooring: See Remarks, Wood
- Has fireplace: Yes
- Fireplace features: Decorative, Living Room, See Remarks
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,022 sqft
Property
Parking
- Total spaces: 3
- Parking features: Driveway, Electric Gate, See Remarks
- Garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Entry location: Front doors and rear, as well.
- Patio & porch: Covered, Patio, See Remarks, Wrap Around
- Pool features: None
- Spa features: None
- Fencing: Excellent Condition,Electric,New Condition,See Remarks,Wrought Iron
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.27 Acres
Details
- Parcel number: 5848033006
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mediterranean
- Property subtype: Triplex
Materials
- Roof: See Remarks
Condition
- Updated/Remodeled,Turnkey
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: See Remarks
Community & HOA
Community
- Features: Urban
Location
- Region: Pasadena
Financial & listing details
- Price per square foot: $662/sqft
- Tax assessed value: $1,872,720
- Annual tax amount: $22,060
- Date on market: 2/23/2026
- Cumulative days on market: 84 days
- Listing terms: Cash,Cash to New Loan
- Inclusions: Washer/Dryer/All appliances as noted in the MLS for the bottom two units - all appliances noted in the MLS for the top unit.
- Exclusions: Washer/Dryer/Dining Room Chandelier inside upstairs unit.
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Sold | $2,000,000-4.8%$662/sqft |
Source:  CRMLS #P1-25968 Report a problem | ||
| 5/19/2026 | Pending sale | $2,100,000$695/sqft |
Source: CRMLS #P1-25968 Report a problem | ||
| 4/29/2026 | Contingent | $2,100,000$695/sqft |
Source: CRMLS #P1-25968 Report a problem | ||
| 2/23/2026 | Listed for sale | $2,100,000+16.7%$695/sqft |
Source: CRMLS #P1-25968 Report a problem | ||
| 10/6/2022 | Sold | $1,800,000-5.2%$596/sqft |
Source: Public Record Report a problem | ||
| 10/4/2022 | Pending sale | $1,899,000$628/sqft |
Source: CRMLS #P1-11040 Report a problem | ||
| 9/3/2022 | Contingent | $1,899,000$628/sqft |
Source:  Pasadena Foothills MLS #P1-11040 Report a problem | ||
| 9/2/2022 | Pending sale | $1,899,000$628/sqft |
Source: Pasadena Foothills MLS #P1-11040 Report a problem | ||
| 8/27/2022 | Listed for sale | $1,899,000+72.6%$628/sqft |
Source: Pasadena Foothills MLS #P1-11040 Report a problem | ||
| 10/24/2016 | Sold | $1,100,000+323.1%$364/sqft |
Source: Public Record Report a problem | ||
| 3/17/1999 | Sold | $260,000+42.1%$86/sqft |
Source: Public Record Report a problem | ||
| 7/28/1997 | Sold | $183,000-9.9%$61/sqft |
Source: Public Record Report a problem | ||
| 4/14/1997 | Sold | $203,000$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,060 +4.9% | $1,872,720 +2% |
| 2024 | $21,029 +0.8% | $1,836,000 +2% |
| 2023 | $20,852 +48.9% | $1,800,000 +49.6% |
| 2022 | $14,006 +4.3% | $1,203,009 +2% |
| 2021 | $13,430 +4.1% | $1,179,421 +1% |
| 2020 | $12,897 | $1,167,328 +2% |
| 2019 | $12,897 -2.3% | $1,144,440 +2% |
| 2018 | $13,198 | $1,122,000 +2% |
| 2017 | $13,198 +1.1% | $1,100,000 +93.6% |
| 2016 | $13,051 +84.7% | $568,222 +1.5% |
| 2015 | $7,065 +3% | $559,688 +2% |
| 2014 | $6,863 | $548,726 +2.5% |
| 2012 | -- | $535,537 +2% |
| 2011 | -- | $525,038 +0.8% |
| 2010 | -- | $521,115 -0.2% |
| 2009 | -- | $522,354 +71.7% |
| 2008 | -- | $304,228 +2% |
| 2007 | -- | $298,264 +2% |
| 2006 | -- | $292,417 |
| 2005 | -- | $292,417 +4% |
| 2004 | -- | $281,063 +1.9% |
| 2003 | -- | $275,913 +2% |
| 2002 | -- | $270,504 +4% |
| 2000 | -- | $260,000 |
Find assessor info on the county website
Neighborhood: East Central
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Nearby schools
GreatSchools rating
- 4/10Longfellow (Henry W.) Elementary SchoolGrades: K-5Distance: 0.3 mi
- 2/10Eliot Arts MagnetGrades: 6-8Distance: 0.7 mi
- 7/10Pasadena High SchoolGrades: 9-12Distance: 2.3 mi
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Estimated market value
$2,063,900
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Estimated market value
$2,063,900
- California
- Los Angeles County
- Pasadena
- 91104
- East Central
- 1550 N Lake Ave
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